IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Mechanism Design with Incomplete Information: A Solution to the Implementation Problem

  • Palfrey, Thomas R
  • Srivastava, Sanjay
Registered author(s):

    The main result of this paper is that the multiple equilibrium problem in mechanism design can be avoided in private-value models if agents do not use weakly-dominated strategies in equilibrium. The authors show that, in such settings, any incentive-compatible allocation rule can be made the unique equilibrium outcome to a mechanism. They derive a general necessary condition for unique implementation that implies that the positive result for private-value models applies with considerably less generality to common-value settings. Copyright 1989 by University of Chicago Press.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://links.jstor.org/sici?sici=0022-3808%28198906%2997%3A3%3C668%3AMDWIIA%3E2.0.CO%3B2-L&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by University of Chicago Press in its journal Journal of Political Economy.

    Volume (Year): 97 (1989)
    Issue (Month): 3 (June)
    Pages: 668-91

    as
    in new window

    Handle: RePEc:ucp:jpolec:v:97:y:1989:i:3:p:668-91
    Contact details of provider: Web page: http://www.journals.uchicago.edu/JPE/

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:97:y:1989:i:3:p:668-91. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.